Cost of Living: El Paso, TX vs Richardson, TX (2026)

El Paso

Texas
67
VS

Richardson

Texas
128

El Paso is 48% cheaper than Richardson.

$1,041/mo ↓ 43%
Median Rent
$1,825/mo ↑ 75%
$58,734/yr ↓ 39%
Median Income
$96,257/yr ↑ 64%
$171,700 ↓ 58%
Home Value
$405,600 ↑ 136%
$1,044/mo ↓ 42%
Owner Costs
$1,796/mo ↑ 72%
678,147
Population
118,269

Tax Comparison

0%
Income Tax
0%
6.25%
State Sales Tax
6.25%
1.6%
Property Tax
1.6%

Affordability

21.3%
rent-to-income
Affordability
22.8%
rent-to-income

Detailed Comparison

When comparing El Paso, TX and Richardson, TX, the overall cost of living indices are 67 and 128 respectively (national median = 100). Rent is $784/month cheaper in El Paso, saving renters about $9,408/year.

Median household income is $37,523/year higher in Richardson. Home values also differ significantly — the median in El Paso is $171,700 compared to $405,600 in Richardson.

Both cities share the same state tax structure since they are in Texas.

Frequently Asked Questions

El Paso vs Richardson — common questions

Is El Paso or Richardson cheaper to live in?
Based on our cost index, El Paso is cheaper to live in with an index of 67 compared to 128 (US average = 100).
What is the rent difference between El Paso and Richardson?
Median rent in El Paso is $1,041/month and in Richardson it's $1,825/month — a difference of $784/month.
Which city has higher income, El Paso or Richardson?
Median household income is $58,734 in El Paso and $96,257 in Richardson. Median household income is $37,523/year higher in Richardson.
How do taxes compare between Texas and Texas?
Both cities are in Texas and share the same state tax rates: 0% income tax, 6.25% sales tax, and 1.6% property tax.
Should I move to El Paso or Richardson?
It depends on your priorities. El Paso has a cost index of 67 with median rent of $1,041/mo, while Richardson has a cost index of 128 with rent of $1,825/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View El Paso details → View Richardson details →

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